Global Economic News

U.S. Consumer Sentiment Deteriorates More Than Initially Estimated In July

Consumer sentiment in the U.S. deteriorated by more than initially estimated in the month of July, according to a report released by the University of Michigan on Friday.

The report said the consumer sentiment index for July was downwardly revised to 72.5 from the preliminary reading of 73.2. The index is down from 78.1 in June and below economist estimates for a reading of 73.0.

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by RTTNews Staff Writer

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